Get ready for the new normal

The finance ministry’s proposals for a review of taxes, exemptions and other belt-tightening measures have naturally set off consternation amongst the public.

The ministry’s quite preliminary proposals are particularly off-putting as they come at a time when an uncomfortably high number of Batswana are struggling with unemployment, poverty and access to economic opportunities.

The facts, however, are that higher taxes and fewer exemptions will inevitably become the new normal in an era where the country’s main revenues, such as from diamond mining, are on the decline.

Editor's Comment
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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